Greenbacker Development Opportunities Fund I has made an investment in Sunrock Distributed Generation, a financing and asset aggregation platform for commercial and industrial solar and energy storage projects across the country.
The partnership with Greenbacker will increase Sunrock DG’s capacity to provide financing for small and medium businesses transitioning to solar energy. It also will enable Sunrock DG to expand its pipeline of middle-market commercial solar and storage projects. Historically, meeting the clean energy needs of small and medium businesses has been prohibitively expensive to address.
Sunrock DG develops smaller-scale commercial solar projects that allow businesses, municipalities and nonprofits to access the financial and environmental benefits of solar power. Given challenges in achieving economies of scale, many companies have not been able to offer attractive third-party financing products to middle-market owners. Sunrock DG’s proprietary